Debt is the wrong metric. You really should be using deficit.
Bush ran up a massive deficit from from '00 to '08, which Obama then inherited. The debt increasing under Obama is Bush's fault. The deficit LOWERED under Obama.
You are aware that Obamas presidency lasted twice as long? So DJT added almost as much debt in absolute terms (6.7T vs 7.7T) and just over half as much in relative terms (33% vs 64%) in half the time. That's why I compared to Biden. They are much easier to compare.
Based on your reply, you don't really understand much. That's okay. It's okay to be ignorant. It's an opportunity to learn and improve.
Congress asked for a debt increase because they plan to cut taxes. The debt hasn't been accrued yet, they plan to cut taxes and it will cost 4.3 trillion.
DOGE isn't trying to make the government better or more efficient. They want to cut programs and staff they're ideologically opposed to which is in theory all government, but in practice all government that doesn't enrich Trump or Musk.
What do you find objectionable about that statement? I don't consume any social media. This is the closest thing. I assume you must at least use Twitter or some other right wing propaganda outlet to think DOGE is about efficiency.
Most government spending is military. DOGE has targeted things like: Meals on Wheels, the Department of Education, National Institute of Health. The evidence I see suggests DOGE wants to implement Project 2025 with Elon's personal touch. An opportunity he paid for with his 270$ his campaign contribution.
Yes, the standard deduction effectively doubled. That helped lower my federal income tax, and probably the taxes of anyone who didn't own multiple properties. I'm not a fan of Trump at all, but he did cut income taxes in his first term.
Yes, the standard deduction doubled, but that was offset by the reduction in the personal exceptions per dependent and dropping the individualized deductions, so for families with children (like us), unless they were higher income (which we are not), the tax cuts just about broke even. Maybe you're higher income or don't have kids.
Here's a summary of the impact[0]
> The average tax refund was $90 higher in 2018 than 2017, according to 2019 IRS data. (This statistic covers tax filers who used a version of Form 1040.) However, more detailed IRS data, released February 2020, shows that the refunds were not equally distributed across the population.
> Taxpayers with an AGI of less than $10,000 received 11.5% fewer refunds in 2018 than 2017, and the total value of their refunds was 17% less. (A 2018 analysis from the Government Accountability Office (GAO) found single filers who earned minimum wage and had no children were least likely to save on their income taxes in 2018.) Across tax returns with an AGI between $1 and $50,000, taxpayers received 4.5% fewer refunds in 2018 and their refunds were worth 2.7% less.
> Taxpayers with AGI between $50,000 and $100,000 received 2.5% more refunds but those refunds were worth 1.8% less than in 2017. Those with an AGI of more than $200,000 received 45% more refunds in 2018 and the value of those refunds was 203.4% higher. Taxpayers with an AGI of $1 million or more received 216% more refunds than in 2017 and those refunds were worth 394.3% more.
You care about debt, so why did you vote for the guy who increased the debt more than his successor
https://www.investopedia.com/us-debt-by-president-dollar-and...
Also it seems like you're confused by what a budget plan is for, it is what they want to do, not about the past.
Debt is the wrong metric. You really should be using deficit.
Bush ran up a massive deficit from from '00 to '08, which Obama then inherited. The debt increasing under Obama is Bush's fault. The deficit LOWERED under Obama.
>>so why did you vote for the guy who increased the debt more than his successor
But less than his predecessor.
And I didn't vote, I'm not a US citizen or resident.
You are aware that Obamas presidency lasted twice as long? So DJT added almost as much debt in absolute terms (6.7T vs 7.7T) and just over half as much in relative terms (33% vs 64%) in half the time. That's why I compared to Biden. They are much easier to compare.
Based on your reply, you don't really understand much. That's okay. It's okay to be ignorant. It's an opportunity to learn and improve.
Congress asked for a debt increase because they plan to cut taxes. The debt hasn't been accrued yet, they plan to cut taxes and it will cost 4.3 trillion.
DOGE isn't trying to make the government better or more efficient. They want to cut programs and staff they're ideologically opposed to which is in theory all government, but in practice all government that doesn't enrich Trump or Musk.
[flagged]
What do you find objectionable about that statement? I don't consume any social media. This is the closest thing. I assume you must at least use Twitter or some other right wing propaganda outlet to think DOGE is about efficiency.
Most government spending is military. DOGE has targeted things like: Meals on Wheels, the Department of Education, National Institute of Health. The evidence I see suggests DOGE wants to implement Project 2025 with Elon's personal touch. An opportunity he paid for with his 270$ his campaign contribution.
7 replies →
Take a look at how much the deficit increased in Trumps first term.
Did Trumps tax cuts put money if your pocket? They didn’t put money in mine (but Biden’s tax policies - child tax credits - did, ironically).
> Did Trumps tax cuts put money if your pocket?
Yes, the standard deduction effectively doubled. That helped lower my federal income tax, and probably the taxes of anyone who didn't own multiple properties. I'm not a fan of Trump at all, but he did cut income taxes in his first term.
Yes, the standard deduction doubled, but that was offset by the reduction in the personal exceptions per dependent and dropping the individualized deductions, so for families with children (like us), unless they were higher income (which we are not), the tax cuts just about broke even. Maybe you're higher income or don't have kids.
Here's a summary of the impact[0]
> The average tax refund was $90 higher in 2018 than 2017, according to 2019 IRS data. (This statistic covers tax filers who used a version of Form 1040.) However, more detailed IRS data, released February 2020, shows that the refunds were not equally distributed across the population.
> Taxpayers with an AGI of less than $10,000 received 11.5% fewer refunds in 2018 than 2017, and the total value of their refunds was 17% less. (A 2018 analysis from the Government Accountability Office (GAO) found single filers who earned minimum wage and had no children were least likely to save on their income taxes in 2018.) Across tax returns with an AGI between $1 and $50,000, taxpayers received 4.5% fewer refunds in 2018 and their refunds were worth 2.7% less.
> Taxpayers with AGI between $50,000 and $100,000 received 2.5% more refunds but those refunds were worth 1.8% less than in 2017. Those with an AGI of more than $200,000 received 45% more refunds in 2018 and the value of those refunds was 203.4% higher. Taxpayers with an AGI of $1 million or more received 216% more refunds than in 2017 and those refunds were worth 394.3% more.
[0] https://www.policygenius.com/taxes/who-benefited-most-from-t...